Stock Market & Financial Investment News

Baidu volatility elevated into Q2 and outlook Baidu July weekly call option implied volatility is at 107, August is at 45, September is at 39, December is at 37; compared to its 26-week average of 42 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on July 24.

ChinaNet Online, Baidu announce service partner agreementChinaNet Online (CNET) announced it has entered a service partner agreement with Baidu (BIDU) to cross-sell branded services and products in conjunction with the Company's "Business Direct 3.0" and Baidu's Baidu Direct Reach. The service partner agreement, with power of attorney authorized by Baidu, allows ChinaNet to resell any related Baidu Direct Reach service with the Baidu name and conversely allows Baidu to leverage the ChinaNet brand and Business Direct 3.0 name, products and services. ChinaNet will now be positioned within Baidu's service provider ecosystem of internet and mobile products.